GMX Welcomes New Members to Land Dept., Opens Colo. Office

GMX announcee three new members have been added to the Company's land department. The new land department staff will focus on development of our acreage in the Bakken, Niobrara and Haynesville/Bossier core areas. The Company has also opened a Denver, CO regional office which will provide support for the Bakken and Niobrara operations.

Buddy Wade joined the Company in 2010 as Manager of Acquisitions. Most recently he was Manager/Senior A&D Landman/Mineral Buyer for Chesapeake Energy. Buddy was an original member of MC Mineral Company and was responsible for the management of large scale acquisitions of oil and gas mineral interests in multi-state regions. He was Vice President, Land for William H. Lackey Oil and Gas /Saturn Land Company in Shawnee, Oklahoma for ten years and was Land Manager for Phoenix Acquisitions in Shawnee.

Buddy holds a BBA in Petroleum Land Management from the University of Texas, Austin. He is a Certified Professional Landman and is active in the American Association of Professional Landmen and the Oklahoma City Association of Professional Landmen. Buddy will be located in GMXR Corporate offices in Oklahoma City.

Gregory (Greg) Ryan has been named Land Manager for the Bakken. Most recently he was Land Negotiator Advisor DJ Basin for Noble Energy. His previous experience includes roles as Sr. VP Land with Atlas Energy, Sr. Landman and Group Leader with Vantage Energy, EnCana Oil and Gas, Williams Production Co., Marathon Oil, JN Oil and Gas and Exxon USA.

Greg holds a BBA in Petroleum Land Management from the University of Oklahoma. He is Certified Professional Landman and is active in the American Association of Professional Landmen including the Denver and Montana Associations where he served on Executive Board from 1997-2000.

Dennis J. Gustafson has been named Land Manager for the Niobrara. Most recently he was Land Manager -- Rockies, DJ, Powder River with Petro-Canada Resources (USA). He also held the title of Regional Landman -- Rockies- DJ, Powder River for Prima Oil and Gas Co. Dennis also served Land Manager roles with Legacy Energy, Foreland Corporation and Mobile Oil Corp.

Dennis holds a B.S. Business Administration from Iowa State University. He is an active member of the Rocky Mountain Mineral Law Foundation and is an active member of the American Association of Professional Landmen, Wyoming Association of Landmen and the Petroleum Association of Wyoming.

The Company has opened a regional office in Denver, CO that should be fully functional by the end of March and will serve as the working office for both our Bakken and Niobrara operations.

Gary Jackson, Vice President of Land said, "The Company is very pleased to have three such highly qualified individuals join our Land Department. Their vast experience adds to and compliments the existing experience of our growing Land Department. Opening a Denver, CO office gives us a regional base headquarters and will help us facilitate the needed land management work that will enable the Company to begin executing on our two oil resource plays."


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